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China announces it seeks 'calm' end to trade war, as markets tank and currency hits 11-year flatline

"China signaled Monday it is now seeking a "calm" end to its ongoing trade war with the U.S. and President Trump voiced optimism about a deal, as Asian markets crumbled and China's currency plummeted to an 11-year low following the latest tariffs on $550 billion in Chinese goods announced last Friday by the Trump administration..."

https://www.google.com/amp/s/www.foxnews.com/politics/china-announces-it-seeks-end-to-trade-war-as-markets-tank-and-currency-hits-11-year-flatline.amp

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3 Comments


Phil Bell
Phil Bell
Aug 27, 2019

It's not surprising this is getting relatively little coverage in the MSM, aside from business-focused news. The Chinese will continue trying to undermine President Trump's re-election, but he threw them off their game big-time here and this was them getting very close to crying "uncle." The other interesting aspect here is that I believe the Chinese economy is in a recession. Larry Kudlow says they have always fudged their economic numbers and you're seeing predictions of Chinese growth around 6% or so. If these figures are based on their government's data, then I think they're experiencing a contraction.

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I agree that they will try to hurt him. He is the only one willing to stand up to them. It would be surprising if they didn't try

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Jack Lapke
Jack Lapke
Aug 26, 2019

I expect China will continue to ratchet up then ratchet down trade deals so they can destabilize the markets to make Trump look bad, resulting in trouble for Trump’s 2020 re-election.

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